Month: November 2016

Possible origin of Saudi Arabia’s Ghawar supergiant oil fieldPhys.OrgAlmost every literate person knows the basics of oil. Almost every literate person also knows something about plate tectonics. While coupling of these two topics has been the focus of many studies, all to date has mostly remained indirect.

How the Idea Behind OPEC Started Right Here in TexasKUTTo control production and stabilize prices the Railroad Commission issued “pro-ration” orders to limit production from each oil well. When independent oilmen in the East Texas field refused, the governor of Texas went so far as to declare martial law …

Straight from Texas! Gift a Piece of an Oil Well This Holiday SeasonPR Newswire (press release)Consider Crudefunders.com, an equity crowdfunding platform exclusively for oil and gas investing. For as little as $1,000, you can give your loved one an opportunity to become a real investor in the Texas oil market. This unique gift can be used by the …

Staples: An energetic thanks for Texas oil and natural gasMyStatesman.comWe’ve experienced a tumultuous year as a nation and more than an ample share of uncertainty around the globe. Even in these challenging times, we have many reasons to give thanks in Texas — and we can tip our hats to the men and women of the oil and …

Is The Permian 20 Billion Barrel Oil Discovery Real?OilPrice.comEarlier this month the U.S. Geological Survey (USGS) announced the largest estimate of continuous oil that it has ever assessed. The area assessed is in the Permian Basin, a region that has been producing oil continuously for nearly 100 years. Below I …

Undeterred By Trump Threats, Schlumberger Signs Deal With IranOilPrice.comSchlumberger has signed a memorandum of understanding with the National Iranian South Oil Company for the development of oilfields in Iran’s southern Khouzestan province, making it the second Western energy major to return to Iran after the lifting of …

Shell Considering Dumping Its Iraqi Oil FieldsOilPrice.comBetween January 2015 and May 2016, Shell has laid off over 12,000 employees, in part due to its merger with BG group, and in part due to the lower oil price environment. At the end of 2015, Shell employed 90,000 people worldwide. By Julianne Geiger for …

Here’s Where You Should Trade Crude Oil’s Price SwingsInvesting.comOne look at it and it becomes apparent why it has been so difficult to stay crude invested either way. Then again, from a trading perspective, the $10-$12 multi-month price range is an inviting reason to trade the swings. Of course the “easy money …

Goldman Sachs Turns Bullish On OilOilPrice.comGoldman Sachs is known to make outlandish calls on crude oil. First came a forecast of $200 a barrel back in March 2008, which fell flat on its face within months. The second was a call of $20 a barrel made in September 2015: To be fair, though crude …